Baring Private Equity Asia is a private equity firm specializing in growth capital, middle market, mergers, buyouts, buyback, restructuring, and recapitalization investments. It seeks to invest in mining, environmental protection, automotive, education, industrial sector, in consumer-related businesses, healthcare, IT services, food, alternative energy, media, financial services, and real estate. The firm primarily invests in companies based in Asia Pacific with a focus on China, India, Singapore, Japan, Hong Kong, South Korea, Australia, and Taiwan. It typically invests around 30 to 40 percent of its capital in China-based businesses. For real estate investment, it seeks to invest in emerging Asia, including China, India and Southeast Asia and mature markets like Japan and Australia. The firm invests in companies with equity investment between $100 million and $1000 million. It typically seek to invest in companies with enterprise values in the range of $300 million to $1.5 billion. The firm seeks to invest in Asian companies through either a controlling or significant minority stake. Baring Private Equity Asia was founded in 1997 and is based in Central, Hong Kong with additional offices in Beijing, China; Jakarta, Indonesia; Mumbai, India; Delhi, India; Shanghai, China; Singapore; and Tokyo, Japan.

Baring Private Equity Asia Key Developments

Dewan Housing Reportedly In Talks To Sell Stake

Feb 18 19

Baring Private Equity Asia, Bain Capital, LP and Hero Fincorp Limited are in talks to buy a stake in Dewan Housing Finance Corporation Limited (NSEI:DHFL). Dewan's promoters are looking to sell a 10% stake through various ways, including an open offer, the Economic Times reported. Dewan Housing, Baring, Bain and Hero Fincorp did not immediately respond to Reuters' request for comment.

Baring PE Reportedly May Buy Stakes NIIT Tech

Feb 5 19

Baring Private Equity Asia is likely to acquire NIIT Technologies Limited (NSEI:NIITTECH). Baring, which already owns a controlling 63.22% stake in Hexaware Technologies, is bidding on a standalone basis and is negotiating with global banks such as Standard Chartered, Nomura, ING, Credit Suisse and Deutsche Bank for financing support of around $100-125 million for the transaction, said several people aware of the matter. The transaction will trigger an open offer for an additional 26% that the fund would seek to mop up to consolidate ownership beyond 51%. A definitive term sheet is expected to be signed within the next fortnight. NIIT Technologies declined to comment, saying there was nothing to report. Baring PE Asia refused to comment on market rumours as per company policy.

L&T Infotech Reportedly Seeks To Acquire Stake In Mindtree

Jan 21 19

Larsen & Toubro Infotech Limited (NSEI: LTI) (L&T) is said to be lining up to acquire VG Siddhartha’s stake in Mindtree Limited (NSEI:MINDTREE). Larsen & Toubro unit is closing in on a potential deal with Café Coffee Day founder VG Siddhartha, the single largest shareholder in Mindtree, said three people with knowledge of the matter. Siddhartha and AM Naik, Non executive Chairman of L&T, are believed to have. That was followed by the L&T team meeting the Mindtree management January 18, 2019 amid talks. However, one of the persons cited above said the Mindtree management was noncommittal on any deal with L&T. L&T, however, denied that any meeting took place. The four remaining founders— Subroto Bagchi, NS Parthasarathy, Krishnakumar Natarajan and Rostow Ravanan-—have been holding out against a sale and are against any deal with a strategic acquirer such as L&T or KKR & Co. Inc. (NYSE:KKR) and Baring Private Equity Asia, which have also been on the prowl for the asset, according to people with knowledge of the matter. Siddhartha is determined to sell his stake by January end and has sought binding offers from all suitors, said people close to him. L&T Chief Executive Officer, Sanjay Jalona said L&T would not comment on speculation. Responding to a detailed questionnaire from ET, an L&T spokesperson said, “As part of business strategy, the company does explore various opportunities towards growth. Having said that, we categorically deny any meeting or agreement as mentioned having taken place. Consequently, the question of any subsequent steps just does not arise.” Siddhartha didn’t respond to emails and text messages.

Recent Private Companies Transactions

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